asked 174k views
1 vote
Drew received a bonus check for $2500 and he's going to deposit the money into a bank account there is is 5.5% simple interest amount of interest earned each year is how much

asked
User Bassam
by
7.5k points

2 Answers

3 votes

Answer:m

Explanation:

answered
User Alveoli
by
8.2k points
3 votes

Answer:

$137.50

Explanation:

Simples interest = amount deposited x time x interest rate

2500 x 0.055 x 1 = 137.50

answered
User Marteljn
by
8.3k points
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